Business Topics

BOJ critic Fujimaki sees 2% inflation hit, and that scares him

Nov 18, 2015

BOJ critic Fujimaki sees 2% inflation hit, and that scares him

Takeshi Fujimaki, a banker turned opposition lawmaker, said the Bank of Japan will achieve its 2 percent inflation target much earlier than expected. And it scares him. The yen will slide toward a more “appropriate” level at ¥180 to ¥200 per dollar over the ...

Nov 14, 2015

Government eyes extra budget worth around ¥3.5 trillion

The government is likely to compile an extra budget worth around ¥3.5 trillion ($28.5 billion) at the end of this year to help farmers boost their global competitiveness and finance social security measures, sources said Saturday. Prime Minister Shinzo Abe will instruct ministries to ...

Nov 13, 2015

Tax Commission proposes drastic income tax reforms to support the poor

The Tax Commission on Friday proposed drastic income tax reforms, including more progressive taxes, to provide stronger support for low-income and child-rearing households. Selecting a set of key reform issues for future debates, the influential government commission said Japan needs to change the focus ...

Nov 12, 2015

Abe aims to cut corporate tax 'below 30%'

Prime Minister Shinzo Abe vowed Wednesday to cut the corporate tax rate next fiscal year beyond current targets, paving the way for bringing it below 30 percent to boost investment and wages. Abe told a meeting of the Council on Economic and Fiscal Policy ...

Nov 12, 2015

Core machinery orders log first rise in four months

Core private-sector machinery orders rose a seasonally adjusted 7.5 percent in September for the first gain in four months, led by increased orders from the nonmanufacturing sector, the government said Thursday. The value of the orders, widely regarded as a leading indicator of future ...

Nov 12, 2015

Producer prices down 3.8% in October

The producer price index was down 3.8 percent in October from a year earlier, declining for the seventh straight month, the Bank of Japan said Thursday. The index, previously called the corporate goods price index, stood at 101.5 against 100 for the base year ...

Japan's regular wages increase for a seventh straight month

Nov 9, 2015

Japan's regular wages increase for a seventh straight month

Regular wages in Japan rose for a seventh consecutive month as the government of Prime Minister Shinzo Abe presses businesses to boost salaries. Base pay climbed 0.4 percent in September from a year earlier, the labor ministry said Monday. Overall labor cash earnings, which ...